I recently did a video with Liv Cooke. Liv is a world record holding professional football freestyler, BBC Sport presenter, author of The Way to Win and now property investor. In the video, I toured her 3 bed house to 6 bed HMO buy, refurbish, refinance, rent (BRRR) conversion project in Manchester. It is great to see her having so much success in the property game and it shows how having a winning mindset can translate across all areas of life.
Mindset plays a big part in success in any area of life. Once you have a winner’s mindset this can be applied to anything, because how you do anything is how you do everything. Some people are born with this type of mindset, but it can be learnt by anyone. In this article, I am going to give you 3 massive mindset changes that can make anyone a winner.
1. Believe first, then look for the evidence.
If you believe something is impossible for you to do, you will find the evidence to support your belief. If you think something is easy for you to do, you will similarly find the evidence to support your belief. This is something Ryan Daniel Moran talks about. His work has been an inspiration to me for sometime and I recently interviewed him on my YouTube channel. You can watch the whole interview here.
Once you have a belief, even new evidence may not change it. This is backed by scientific studies. An early example of this was a 1975 study where participants were given a stack of suicide notes and asked to discern if they were real or fake. Some participants were told they did very well, and others they had done badly, at identifying the fakes. In reality the scores had been made up. The interesting thing is even after the participants had been told their scores were made up, the group that were given the high scores still estimated their skill at spotting the fake notes higher than the group that had received the low score!
2. Turn negatives into positives
Many people come to me and say that they are too old or too young to get into property. They say they don’t have enough money or they don’t have the time. But there is normally a flip side to a disadvantage that is actually an advantage if you look at it in the right way.
If you are just starting out as a deal sourcer, for example, and you have no clients yet, you can provide excellent one-to-one support to your first client. You will also always be available to them to take care of their needs. You will be exceptionally motivated to find the client a great deal because you will need your first testimonial to be glowing. Put like that, why wouldn't an investor give you a chance over a busy deal sourcer that will have very little time for the personal touch?
3. Pay to learn from others' mistakes
When you go into business, you will make mistakes. The only way to limit those mistakes is to learn from the mistakes of others. In most cases, you will need to pay something to do so. This might mean buying books; paying for training; spending petrol money to attend events, etc. Although investing in yourself can be expensive, it isn’t as expensive as making the mistakes yourself. If you can learn from others, that is the easiest and least expensive option in the long run.
The first step is to get a basic understanding of the property business. You can do that by attending my Property Investors Crash Course. Luckily, you won’t have to invest much as tickets are free (£1 booking fee applies). You can book a free ticket here. I hope to meet you very soon!
